Barrick Gold Corp. Mining News

Barrick, Goldcorp team up to develop one of world’s largest gold deposits in Chile

The world’s No. 1 and No. 3 gold producers will focus on developing gold mines in northern Chile's rich Maricunga belt.

Tribunal favours Barrick, Antofagasta in Pakistan lease denial case

The International Center for Settlement of Investment Disputes (ICSID) said Pakistan violated several provisions of its bilateral investment treaty with Australia, where the joint venture between Barrick and Antofagasta is incorporated.

Chinese race to grab Barrick’s stake in Super Pit hits roadblock

Minjar Gold is still waiting for Chinese regulatory clearance and hasn’t been able to secure funding for the $1.3 billion deal.

Canada's gold miners to embrace green energy to control costs

Expected increased in the adoption of alternative energy sources by the country's gold sector to be boosted by recently passed regulations, such as the carbon tax.

Gold price slump puts Barrick’s Super Pit deal with Minjar at risk

The Chinese miner is also having a hard time trying to convince Western lenders of financing part of the deal.

For mining companies, digitization is the next gold rush — Barrick's Thornton

The only way companies will cut costs and increase efficiency will be to embed digital technologies in every dimension of how mines are operated and managed, says Barrick Gold.

Soros cashes in as Barrick posts best-ever first half rally

Soros Fund, which took a $263.7 million stake in Barrick Gold Corp. in the first quarter, cut its holdings in the world’s biggest producer of the metal by 94% in the ensuing three months.

Kinross eyes expansions at its new gold mines in Nevada

Kinross, which operates two mines in Russia and also owns the problem-plagued Tasiast operation in Mauritania, seeks to strengthen its portfolio in North America.

Gold price rally boosts Canada’s mining sector growth

Strong performance also came on the back of strategic initiatives, such as non-core asset sales, aggressive cost control measures and a disciplined approach in reducing debt.

Billionaire Soros scoops up $264 million stake in world’s largest gold miner

Fund now owns a 1.7% stake in Canada's Barrick Gold.

Barrick Gold sells four US mines for $720 million

The move would help the miner meet its ambitious target for reducing its $13 billion debt by $3 billion before year-end.

Ned Goodman resigns from Barrick Gold board

He will focus on a new business venture in resources and other hard assets, said Barrick.

Barrick rumored to sell gold mines in Australia, PNG

Barrick Gold (NYSE:ABX, TSX:ABX), the number one producer of the precious metal, is hoping to raise up to $1.1 billion through the sale of two mines in Australia and Papua New Guinea.

Otterburn target K92 receives mining lease renewal notification from Barrick Gold Corp

Otterburn Resources Corp. (“Otterburn”) (TSX.V: OBN) is pleased to announce that K92 Holdings International Limited (“K92”) has received notification from Barrick Gold Corp (“Barrick”) that the Kainantu Mine mining lease renewals sought by Barrick’s wholly owned subsidiary Barrick Kainantu Limited (“BKL”) have been obtained.

Former Barrick Gold chief the new owner of Iamgold’s Niobec mine in Quebec

This is Aaron Regent’s first acquisition since founding Toronto-based Magris Resources.

‘Mick the Miner’ goes after Vale's nickel assets

The 56 year old who built Xstrata into one of the world’s biggest mining firms and then sold it to Glencore, is tipped to be on the verge of landing his first big fish.

Mick the Miner in talks to buy Anglo’s assets, no deal tabled

Sources close to X2 Resources, Davis' new company, have cast doubts on reports that the firm had made an offer.

Barrick comes home

Barrick is ‘coming home’ to the state that helped make the company : Nevada.

Mick Davis has now almost $5 billion to build new mining empire

The former Xstrata boss' new venture, X2 Resources, is "currently reviewing a number of opportunities in the metals and mining sector."

Former Xstrata boss tried buying BHP’s coal division: report

It is unclear whether Mick Davis bid for all the assets that BHP ended up including in the new to-be listed firm.

Former Barrick chief buys Iamgold mine

This is the first asset Aaron Regent's private equity firm acquires, after failing to buy Glencore’s Las Bambas copper project in Peru.

Barrick completes partial divestment of African Barrick Gold

Company has completed the divestment of 41.0 million ordinary shares in African Barrick Gold plc.

Gold sector nightmare not over: price drop forcing them to slash reserves

Despite extreme measures taken by gold miners to balance their books, the sector continues to suffer the aftermath of last year’s precious metal price nosedive.

Barrick, Goldcorp selling Marigold mine for $275 million

To Silver Standard Resources.